Finance
IMF Approves $360 Million For Ghana After Second Review
On Friday, the International Monetary Fund (IMF) approved the second review of Ghana’s $3 billion loan program, allowing an immediate release of approximately...
Nigeria’s Public Debt Soars to N121.67 Trillion Due to Naira Devaluation
Nigeria’s Debt Management Office (DMO) has announced a significant rise in the nation’s total public debt, which now stands at N121.67 trillion (approximately...
Femi Otedola Increases Stake By N18.9bn, Becomes First Bank’s Largest Shareholder
Nigerian billionaire Femi Otedola has emerged as the largest shareholder of FBN Holdings, increasing his stake to 9.41%. This move came after Otedola...
German Govt. Agency Transfers Bitcoin Worth Over $400 Million, Sends Some To Crypto Exchanges – Arkham
A German government agency has transferred a significant amount of Bitcoin, valued at $425 million, to another wallet and various crypto exchange deposit...
Swiss Central Bank Cuts Interest Rates For Second Time This Year
The Swiss National Bank (SNB) has cut its key interest rate for the second time this year, reducing it by 25 basis points...
UK’s Inflation Hits 2% Target for First Time in Three Years
The UK’s inflation rate has reached the Bank of England’s target of 2% for the first time in nearly three years, according to...
Public Pressure Makes Kenyan Govt. Drop Proposed Taxes On Bread, FX, More
Kenya’s government has amended the controversial Finance Bill 2024 and retracted several proposed tax hikes. This was in response to widespread opposition and...
Nigeria’s FG Debt To World Bank Soars By $4.95bn In 12 Months, Total Debt Reaches N101tn
Nigeria’s public debt has surged by $4.95 billion in loans from the World Bank over the past 12 months, escalating the nation’s total...
Ghana’s GDP Growth Hits 4.7% In Q1 2024, Fastest In Two Years
Ghana’s economy experienced its fastest growth in over two years, with GDP increasing by 4.7% in the first quarter of 2024. This marked...
South Africa Expected To Maintain Interest Rate As Inflation Holds Steady In May
South Africa’s inflation rate remained steady in May, increasing the likelihood that the central bank will maintain its current interest rate. According to...
Sultan Of Sokoto Urges Nigerians To Embrace Farming To Alleviate Economic Hardship
The Sultan of Sokoto and president general of the Nigeria Supreme Council for Islamic Affairs (NSCIA), Sa’ad Abubakar, has called on Nigerians to...
AfDB Launches Debt Managers’ Initiative as 13 African Nations Face Debt Distress
The African Development Bank (AfDB) has inaugurated the African Debt Managers Initiative Network (ADMIN) to address growing debt challenges in Africa. This move...